Ron Thomas
Splitting proceeds from a sale in a 1031 exchange?
Hello all,So here's a quick run down of the situation I am asking about. Myself and another investor in the suburbs of Detroit are looking at a 140 unit apartment complex being sold by a larger investor who wants to ...
Brian Ulrich
Better to claim a lower or higher cost basis on new rental?
I just turned my former primary residence into a rental this year and it's going well. I'm trying to get all my ducks in a row for 2017 tax time. My question is what is the best approach for using my cost basis to c...
Derek Steinmetz
Arizona EIN LLC Husband and Wife Multi vs Single Member
My wife and I live in Arizona (a community property state) and created an LLC where we are both equal members. I was going onto the IRS website this morning to get an EIN and one of the questions was:You are husband ...
Cary F.
Owner Financing Transactions & Capital Gains Tax Impact
Hello BP Community,I am wondering if there is a tax advantage for an investor selling an investment property to another investor through owner financing.So instead of the seller listing and subsequently selling a NOO ...
Samantha Fairbairn
WA Rental Property Income Taxable?
Hi Everyone, I am currently creating invoices for a commercial rental property. Is WA states rental income taxable? (i.e. should I charge tenants the tax?)Thank you for all of your help.Best Wishes, Sammie
Chris Becker
Puerto Rico Tax Assessment
I am Interested to know if anyone has successfully been able to have their real estate assessment value lowered in Puerto rico? CRIM is the taxing authority in Puerto Rico. The realtor I am dealing with says the...
Jared Comeau
BP's The Book on Tax (and Advanced Tax) Strategies
How relevant are these books to x-border tax situations?I'm a Canadian, will be investing in the USA, and Taxation is the next step in my education process. Don't want to pull the trigger on a book that doesn't relat...
Account Closed
Transfer taxes and changing name of limited partnership
I wish to change the name of a Limited Partnership that owns a number of my properties. By doing so, will I need to do title transfers on all the properties owned under the original name to the new name? In other word...
Jarrod B.
Financial Analysis of Future Cash Flows
Hey all,I'm in the process of putting together a future cash flow projection on my investment properties and am up in arms in regards to what annual increases I should plug in for Taxes/Insurance/HOA and rent increase...
Dan Vleck
Biden Capital Gains Tax Proposal
I'm at the point, after several years of buying single family rentals, of selling houses and buying multifamily properties. I see on the TV this morning that President Biden is proposing to raise the capital gains ta...